financeSkift··1 min·For: Owner, GM, Revenue
ASTA Study Links 1% Corporate Travel Rise to 0.2% Revenue Growth
New research from ASTA and GBTA reveals that managed business travel drives measurable revenue growth, urging CFOs to view travel as an investment rather than just an expense to cut.
Key Takeaways
- 1A 1% increase in managed corporate travel spend correlates with a 0.2% boost in company revenue.
- 2Overly restrictive travel policies harm productivity and traveler well-being, diminishing overall business value.
- 3Travel management companies deliver critical ROI through duty of care, disruption handling, and supplier negotiations.
Source: Skift
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